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Sun Life, CI raise fees, cut deposits

Sun Life Fin­ancial and CI Invest­ments are raising fees and limiting deposits in their lineup of segregated funds.

Sun Life Fin­ancial and CI Invest­ments are raising fees and limiting deposits in their lineup of segregated funds.

Effective July 31, or later under some segregated fund contracts, Sun Life and CI will increase the insurance fees and limit certain premium deposits.

Price increases will range up to 0.3 per cent.

New deposits will no longer be accepted in some segregated fund products, including the SunWise Elite Full Guarantee Option, which promises to return no less than 100 per cent of an invest­or’s principal on maturity or death.

 
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